Gretex Corporate Services Ltd. (GCSL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+250.6%

₹2,718.90

vs ₹775.50 price

Levered DCF

-₹1,577.97

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	29.14×	88,138.89×	24.89×	29.71×	18.39×	622.16×	-308.06×	1,423.25×
P/B	3.24×	7.02×	6.21×	16.49×	4.84×	71.46×	94.99×	66.49×
P/S	3.08×	35.03×	19.06×	50.38×	14.96×	157.85×	407.98×	121.92×
EV / EBITDA	12.9×	501.12×	13.34×	25.88×	16.62×	819.76×	1,309.78×	1,798.54×
Gross margin	43.8%	-507.8%	-61.3%	92.0%	98.9%	100.0%	100.0%	100.0%
Operating margin	22.8%	0.2%	-97.1%	55.2%	67.0%	70.5%	3.0%	70.2%
Net margin	10.6%	0.0%	76.6%	169.6%	81.3%	25.4%	-132.3%	8.6%
Current ratio	0.53×	12.26×	0×	0×	13.47×	0×	0×	0×
Debt / equity	0.09×	0.06×	0.04×	0.01×	0.17×	0.36×	0.67×	0.47×
Interest coverage	20.93×	0.11×	-27.2×	27.69×	11.39×	0×	0×	0×
Dividend yield	0.1%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	3.6%	4621.5%	3.2%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.1%	0.0%	25.0%	55.5%	26.3%	11.5%	-30.8%	4.7%
Return on invested capital	12.3%	0.0%	-15.1%	13.2%	14.7%	16.6%	0.3%	17.7%
Return on assets	7.7%	0.0%	15.4%	44.2%	18.1%	7.1%	-13.7%	2.6%
Free cash flow yield	-5.1%	-0.0%	-5.9%	1.5%	2.4%	0.1%	-0.1%	0.0%
Earnings yield	3.4%	0.0%	4.0%	3.4%	5.4%	0.2%	-0.3%	0.1%
Enterprise value	₹5.6B	₹13.6B	₹6.7B	₹6.3B	₹673.1M	₹4.5B	₹3.6B	₹3.6B
Net debt / EBITDA	0.32×	-0.24×	-0.17×	-0.05×	0.39×	3.58×	8.46×	11.76×
Cash conversion cycle (days)	504	160	22	-22	92	159	0	0